MTS India intends to continue its operations beyond January 18

In response to TRAI Direction dated 17th December 2012, Sistema Shyam TeleServices Limited (“MTS”) remains committed towards its customers in offering world class telecom services. The Hon’ble Supreme Court of India had quashed the 21 licences of MTS vide its judgment dated February 2, 2012(“Judgment”), however, vide subsequent orders, the Supreme Court allowed, inter alia, MTS to continue its telecom operations till January 18, 2013. MTS wishes to inform millions of its customers that being fully committed to its customers and the investments it has made in India, it intends to continue its operations beyond January 18, 2013 and in this context has taken and is taking all the possible steps,to ensure the continuity of its services beyond January 18, 2013. MTS has already filed a Curative Petition against the Judgment seeking to annul the cancellation of its licenses. MTS believes that it has a very good case in the Curative Petition both in facts and law and is hopeful of a favorable order of restoration of its licenses. MTS is hopeful that the Supreme Court will take up its curative petition before January 18, 2013.